We've certainly seen PlayStation 3s used in academia before, but a "significant gift" by IBM to the University of Maryland-Baltimore County is enabling the institution to further develop its Multicore Computational Center. The facility now utilizes 32 Cell processors, and researchers at the lab are getting set to "develop applications" to harness all that power. Reportedly, the supercomputer will dabble in "visualization and computer modeling applications for aerospace / defense, financial services, healthcare / life sciences industries and weather." Hit the link below for a video report.

[Thanks, Ryan O.]
Read - IBM, UMBC partnership
Read - Video report